Jiangsu Amer New Material Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 09:59 am EDT
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Jiangsu Amer New Material Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 321.07 million compared to CNY 293.94 million a year ago. Revenue was CNY 321.07 million compared to CNY 293.94 million a year ago. Net income was CNY 10.29 million compared to CNY 11.55 million a year ago. Basic earnings per share from continuing operations was CNY 0.0143 compared to CNY 0.0143 a year ago. Diluted earnings per share from continuing operations was CNY 0.0143 compared to CNY 0.0143 a year ago.
Jiangsu Amer New Material Co Ltd, formerly Jiangsu Jiuding New Material Co Ltd, is a China-based company principally engaged in the manufacture and distribution of glass fiber deep-processing products, glass fiber composites and high-performance fiberglass, high-performance glass fiber reinforced base materials. The Company's products include grinding wheel mesh, grille, pultruded profiles, environmental equipment, storage tanks, wind turbine cabin cover, blades, high modulus of glass fiber and products as well as continuous felt. The Company distributes its products in the domestic market and to overseas markets.